Canada hot stocks to watch: Aecon, Niko, Valeant

DowJones

TORONTO (MarketWatch) -- Listed below are the stocks expected to move during Monday's trading session. They are listed with Friday's closing prices.

Aecon Group Inc. (ARE.T, C$10.23, C$0.03, 0.3%) said it has signed a letter of intent with Potash Corp. of Saskatchewan (POT) for a project valued at more than C$250 million to install part of a new process mill at a Saskatchewan mine site.

Niko Resources Ltd. (NKO.T, C$51.75, -C$0.37, -0.7%) said it has received two new production-sharing contracts in Indonesia.

Valeant Pharmaceuticals International Inc. (VRX, C$43.75, C$0.51, 1.2%) has agreed to buy Australia's iNova Pharmaceuticals for up to US$698 million.

Prime Restaurants Inc. (EAT.T, C$6.93, C$0.06, 0.9%) said it has received a takeover offer from Fairfax Financial Holdings Ltd. (FFH.T) valued at about C$71 million, a bid it considers superior to a competing offer from Cara Operations Ltd.

The developer of Mongolia's Oyu Tolgoi gold and copper project, owned 66% by Ivanhoe Mines Ltd. (IVN, C$19.61, -C$0.38, -1.9%), is assisting police in investigating the circumstances surrounding the death of an employee on site Saturday.

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